Holding company ADQ announced the merger between two of its portfolio companies, the Higher Corporation for Specialized Economic Zones (ZonesCorp) and Abu Dhabi Ports. As part of Abu Dhabi Ports, ZonesCorp will benefit from strategic alignment with Khalifa Industrial Zone Abu Dhabi (KIZAD), one of the world\u2019s largest industrial zones spanning 410 square kilometers, which is owned and managed by AD Ports.<\/p>\n
Together, the group\u2019s industrial portfolio is set to facilitate greater industrial diversification and provide infrastructure support in a cost-efficient manner and they will significantly increase the contribution of industrial activities to the emirate\u2019s GDP.<\/p>\n
Capt. Mohamed Juma Al Shamisi, Group CEO of Abu Dhabi Ports, said: \u201cBy working together more closely, and more strategically, we will leverage our strengths in order to boost the competitive value of our industrial zones within the global marketplace. Our industrial cluster will be well positioned to deliver even greater investment opportunities to our valued customers who will benefit from easy access to regional markets, increased scale and improved services.\u201d<\/p>\n
Abu Dhabi Port\u2019s industrial and economic zones offering now has a combined land area of 554 sq km and more than 1,400 customers. On its own, ZonesCorp\u2019s economic zones currently have over 900 manufacturing and commercial facilities that are home to some of the world\u2019s leading industrial players in a variety of sectors, and have attracted investments of around AED70bn. With KIZAD\u2019s investments at over AED73bn, the total investments attracted by Abu Dhabi Ports\u2019 subsidiaries currently stand at AED143bn.<\/p>\n","protected":false},"excerpt":{"rendered":"
Two Abu Dhabi companies have been merged in an effort to facilitate industrial diversification.<\/p>\n","protected":false},"author":8,"featured_media":1077,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[40],"tags":[],"sponsor":[],"class_list":["post-1076","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-middle-east"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/1076","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/comments?post=1076"}],"version-history":[{"count":1,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/1076\/revisions"}],"predecessor-version":[{"id":1078,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/posts\/1076\/revisions\/1078"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media\/1077"}],"wp:attachment":[{"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/media?parent=1076"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/categories?post=1076"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/tags?post=1076"},{"taxonomy":"sponsor","embeddable":true,"href":"https:\/\/www.portstrategy.com\/coastlink\/wp-json\/wp\/v2\/sponsor?post=1076"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}